Plastic2Oil Inc (PTOI)

[loanranger]

Does this CEO a)think investors are dummies, b)not care what investors think or c)both?

He announces that a "“Definitive Agreement” is to be executed on or before November 25, 2016, with a subsequent date of closing (the “Closing Date”), to be mutually agreed to by Plastic2Oil, Inc. and the Southern US Company." It was silly of him to think, if he even gave it any thought, that that kind of business would be conducted on the day after Thanksgiving.

November 25th passes without incident.

Then he would have us believe that on the following Monday, "due to additional time needed to address zoning and permitting at the proposed site", the parties agreed to defer the signing of the definitive agreement.
Zoning and permitting aren't the kinds of issues that crop up over a weekend. IF, and I do mean IF, those are really the issues that pushed the timing forward for 2 months, they certainly would have been known issues before Monday. Yet not only did this CEO wait until the very last minute in terms of his own self-imposed public deadline to reveal them to be issues, he let investors sit and stew for an extra 5 days unnecessarily before he made them known. He probably considers making the information public to be doing investors a favor...the 8-K was filed under Item 8.01 Other Events, a voluntary filing category.

He's a real peach.

Of course I suppose it's possible that this unnamed Southern company led P20's management to believe that everything was fine right up until the last minute and pulled the plug, and that this slovenly communication wasn't Poor Richard's fault at all.
Yeah that's it, that's the ticket.